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iSIGN Media Announces a Shares for Debt Transaction

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TORONTO, Oct. 18, 2018 (GLOBE NEWSWIRE) -- iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile advertising solutions that serves brands, commercial locations, retailers and service providers throughout North America, today announced it has entered into a shares for debt arrangement in which the Company has agreed to issue 1,014,386 common shares at a deemed price of $0.08 per share in settlement of a debt totaling $81,151. 

Satisfying this outstanding indebtedness with shares was undertaken in order to preserve the Company’s cash for operational purposes.

This arrangement is subject to the approval of the TSX Venture Exchange (“Exchange”).  The Company will issue these shares, which are subject to a four-month hold period, once approval has been received from the Exchange.

About iSIGN Media

iSIGN, a Canadian company based in Toronto, Ontario, is a data-focused, software-as-a-service (SaaS) company that is a pioneering leader in the areas of location-based security alert messaging and proximity marketing utilizing Bluetooth® and Wi-Fi connectivity in complete privacy.  Creators of the Smart suite of products, a patented interactive proximity marketing technology, iSIGN enables the delivery of messages to mobile devices in proximity, with real-time reporting and analytics on a variety of metrics.  Partners include: IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS and AOpen America Inc.

© 2018 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.

Investor contacts:

Bruce Reilly
iSIGN Media Solutions Inc.

Neither the TSX Venture Exchange nor Its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility or accuracy of this release.

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Source: iSIGN Media Solutions Inc.